Lowenstein Development has been established to assist affordable housing developers and owners to achieve their objectives to create and preserve housing assets. The company offers numerous services based primarily on the experience and knowledge of Roy Lowenstein, who is an attorney by training and has been a developer, consultant and syndicator of affordable housing.

Effective consulting depends on what you know and who you know. Roy’s experience touches almost every phase of the affordable housing process and he is now offering that expertise to the development community. Perhaps you need help with a tax credit application or just one aspect of a project or have a job to do that otherwise would have required hiring new staff. Most of our experience is with tax credit development in Ohio, Kentucky and West Virginia, although we have some knowledge of the housing finance agency programs in Indiana, Virginia, South Carolina, Illinois and Tennessee. I am also building collaborative relationships with other consultants, which expands what we can do for you. Adding this to the list of builders, architects, engineers, lenders, syndicators, and public officials at the HFAs, USDA, HUD and several city housing agencies that I’ve done business with, we know how to get problems solved. 

Roy’s experience includes:


Grant writing to obtain public funding using federal, state, local and other sources, such as the Federal Home Loan Ban.


Finding, negotiating and acquiring real estate.


Securing zoning approval and local acceptance strategies; making public presentations.


Serving as project manager for developments in the pipeline.


Assisting with the layout and efficient design of affordable housing for diverse populations.


Value engineering when necessary.


Negotiating joint ventures between for-profit and non-profit developers.


Linking housing and services to offer solutions for special needs populations.


Developing financial spreadsheets to evaluate project feasibility.


Evaluating market studies, appraisals, Phase Is, title and survey, and other due diligence;


Participating in Green construction planning;


Negotiating debt and equity financing.


Handling closings with funding sources.


Training and mentoring development and agency staff.